Research And Markets Research And Markets

Exchanges And Clearinghouses Have Unfinished Business To Attend To In 2012 Jan 12

  • ID: 2049251
  • January 2012
  • Standard & Poors
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  • Bank of England
  • CME Group Inc.
  • Euroclear Bank S.A./N.V.
  • LCH.Clearnet Group Ltd.
  • Nasdaq, Inc.
  • OMX AB
  • MORE

The global exchange/clearinghouse industry ended 2011 with much still uncertain. First, regulators in Europe and the U.S. continue to put in place rules that have their origins in the global credit crisis of 2008-2009. The most significant of these rules is mandatory central clearing of most over-the-counter (OTC) derivatives. Second, industry consolidation, which was at the forefront of the financial press in early 2011, has stalled in recent months. Even the proposed Deutsche Boerse AG/NYSE Euronext merger, the only big deal of 2011 that has not yet been scuttled, is now in jeopardy. As the global exchange/clearinghouse industry begins 2012, external operating conditions are in a state of disequilibrium. This is primarily because the eventual enactment of regulatory reforms could...

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Research Type: Commentary
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- Bank of England
- Options Clearing Corp.
- Clearstream Banking S.A.
- Swiss National Bank
- Euroclear Bank S.A./N.V.
- Deutsche Boerse AG
- The Depository Trust Company
- National Securities Clearing Corporation
- Canadian Derivatives Clearing Corp.
- Asigna Compensacion y Liquidacion
- Fixed Income Clearing Corp.
- Euronext N.V.
- Nasdaq, Inc.
- CME Group Inc.
- NYSE Euronext
- LCH.Clearnet Group Ltd.
- London Stock Exchange Group PLC
- NASDAQ OMX Clearing AB
- BM&FBOVESPA S.A-Bolsa de Valores, Mercadorias e Futuros
- SIX Group AG

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3 of 3
Note: Product cover images may vary from those shown